Case Studies

We were approached by existing clients who had purchased a commercial building with the aid of a bridging facility. The property was divided into two separate sections on a corner plot and following the purchase, our clients obtained planning permission to demolish one section and build three new 1550 sq ft town houses. The other…

Our borrower is an international sports personality who spends much of their time abroad but wanted to purchase a UK residence for when they were “home”. The loan was secured by way of a first charge on the property being purchased, but what was slightly unusual about this case is the exit. There is often…

A current customer of UTB wished to raise funds for additional building works on a property which the Managing Director had recently purchased and moved into. Unfortunately, the original builder on the job had significantly overrun on costs and left a number of required refurbishments unfinished. To enable the essential works to be completed within…

Our borrowers were experienced professional property developers who owned a significant portfolio of residential and commercial property as well as development sites. They required a short term facility for general business cash flow purposes, but essentially it was anticipated that monies were to be used towards two site acquisitions. The bridging loan was to be…

UTB was approached by a broker acting on behalf of their client who had completed one previous project but was otherwise not hugely experienced in property development. He did though have a good business track record and good financial standing. The borrower had already agreed to purchase derelict commercial land close to the centre of…

For nearly any firm, large periodic obligations will have an impact on their available working capital. For any successful partnership those funds due to HMRC in January for tax can be the most significant of the year and often follow a period of reduced collections. All our accredited professional lending brokers are well aware of…

December can be a challenging month for companies hoping to collect any debtors. It’s the month of the year with the least number of working days when you factor in the 3 bank holidays, and many companies shut down completely for the Christmas period. If you’re a company with a year end in March then…

Some established customers of the bank, who are already borrowing £3.8m to fund the conversion of a city centre office building to flats, approached us with a further proposal. The second proposal was similar to the existing scheme in that it was also for a conversion of offices to flats utilising the Permitted Development Rights…

According to the Prudential, almost 2.5 million ‘last time buyers’, those being current home owners over the age of 55, plan to downsize their homes. Our own anecdotal experience supports the Prudential’s finding as to the reasons why people downsize. These include having too much space, the convenience of running a smaller home, changes in…

The customer was looking for short term funding in order to continue with the development of a select group of holiday lodges with a new equestrian centre and swimming pool. The customer had been let down at the last minute by his existing funder and he was in need of an alternative source of funding…